The US now looks like Greece, heading off the Socialist cliff.
The article “gets it” but not the right way.
1. Greece is a TINY country even if you count the thousands of islands that make the Agean Greek territory.
2. You have a small group of insider families that control the major industry. The way they have done that is to have family members in seats of power who make the rules. The rules are made to keep competition out.
ie. If you have a major resort then you have laws passed that no other major resort can be built in the area or put in onerous regulations and conditions to make it impossible.
3. If you go to a burearcrat’s office most likely the last name has appeared on that specific door for multiple generations.
4. The courts are beyond corrupt. Judges are bought, favors for friends. In appellate courts, if a decision is going to hurt a friend, the case can be burried indefinitly.
5. Unions make it impossible to do business for new people and unions, as long as you bribe the leaders, will do what you want.
6. It is really cronny capitalism with socialism used to keep the next inovator in the garage.
7. Bribery is a way of life. You have to bribe the doctor, bribe the permit granter, bribe the inspector, bribe the tax collector. You must get paid in cash in order to keep as much as possible.